Nextracker (NXT) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 40.91%. A quarter ago, it was expected that this solar energy equipment supplier would post earnings of $0.59 per share when it actually produced earnings of $0.96, delivering a surprise of 62.71%. Over the last four qua ...

Exhibit 99.1 Nextracker Reports Q1 FY25 Financial Results 50% Revenue Growth YoY; Reaffirms FY25 Outlook Adds Solar Foundation Offerings with Ojjo and Solar Pile International Acquisitions August 1, 2024 FREMONT, Calif. – Nextracker (Nasdaq: NXT), a global market leader of intelligent solar tracker and software solutions, today announced financial results for the first quarter of fiscal year 2025, ended June 28, 2024. Financial Summary (In millions, except per share) | --- | --- | --- | --- | |------------- ...

Shares of this solar energy equipment supplier have returned -5.7% over the past month versus the Zacks S&P 500 composite's -1.2% change. The Zacks Solar industry, to which Nextracker belongs, has lost 2.8% over this period. Now the key question is: Where could the stock be headed in the near term? Revisions to Earnings Estimates We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimate ...

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.91 per share and a revenue of $2.87 billion, indicating changes of -4.9% and +14.62%, respectively, from the former year. Nextracker (NXT) closed the latest trading day at $48.09, indicating a +0.67% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 0.64% for the day. Meanwhile, the Dow gained 1.85%, and the Nasdaq, a tech-heavy index, added 0.2%. The solar energy equipme ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Nextracker currently has an average brokerage recommendation (ABR) of 1.39, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 28 brokerage firms. An ABR of 1.39 approximates b ...

The the stock of solar energy equipment supplier has fallen by 17.99% in the past month, lagging the OilsEnergy sector's loss of 11.98% and the S&P 500's gain of 4.44%. Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the indivi ...

However, every problem brings a solution, and the solution for data centers is to go green. Greener than natural gas. The proliferation of data centers driven by cloud and AI demand is leading to a boom in the renewable energy market, and solar energy is a leading choice. Data centers can range in size and shape but are essentially warehouses filled with racks of servers; warehouses have ample acreage on their roofs well-suited to solar capture. First Solar Today First Solar's NASDAQ: FSLR stock price began ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable ind ...

Shares of this solar energy equipment supplier have returned +30.3% over the past month versus the Zacks S&P 500 composite's +3.3% change. The Zacks Solar industry, to which Nextracker belongs, has gained 16.4% over this period. Now the key question is: Where could the stock be headed in the near term? Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present val ...

Prior to today's trading, shares of the solar energy equipment supplier had gained 31.1% over the past month. This has outpaced the Oils-Energy sector's loss of 4.97% and the S&P 500's gain of 3.96% in that time. In the context of valuation, Nextracker is at present trading with a Forward P/E ratio of 20.83. This indicates a premium in contrast to its industry's Forward P/E of 12.96. Nextracker (NXT) ended the recent trading session at $60.53, demonstrating a +0.41% swing from the preceding day's closing pr ...